KWAFFEUR JAN: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
KWAFFEUR JAN
Largest movements
- Tangible fixed assets +€46,601
up €46,601 (+1,901%), from €2,452 to €49,053
of which Other tangible fixed assets: +€42,719
- Cash -€17,181
down €17,181 (-90.9%), from €18,892 to €1,711
mainly Investment in fixed assets (net) (-€50,529) and Tax, wage and social debts (-€7,706)
- Receivables within one year +€4,279
up €4,279 (+36.1%), from €11,866 to €16,146
- Debts after one year +€24,754
new in 2025: €24,754
- Trade debts +€12,009
up €12,009 (+6,087%), from €197 to €12,206
- Tax, wage and social debts -€7,706
down €7,706 (-72.5%), from €10,623 to €2,918
- Current portion of long-term debt +€3,514
new in 2025: €3,514
- Profit (loss) carried forward +€1,055
up €1,055 (+61.8%), from €1,708 to €2,763
- Gross operating margin -€6,110
down €6,110 (-45.2%), from €13,516 to €7,406
- Taxes -€3,207
down €3,207 (-68.1%), from €4,709 to €1,502
- Depreciation +€2,900
up €2,900 (+262%), from €1,106 to €4,006
- Financial charges +€704
up €704 (+629%), from €112 to €816
- Other operating charges +€216
up €216 (+38.8%), from €557 to €773
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €33,632 | €67,259 | +€33,627 | +100.0% |
| Formation expenses | 20 | €216 | €137 | -€79 | -36.4% |
| Fixed assets | 21/28 | €2,452 | €49,053 | +€46,601 | +1,901% |
| Tangible fixed assets | 22/27 | €2,452 | €49,053 | +€46,601 | +1,901% |
| Plant, machinery and equipment | 23 | €1,466 | €940 | -€526 | -35.9% |
| Furniture and vehicles | 24 | €985 | €5,394 | +€4,408 | +447% |
| Other tangible fixed assets | 26 | - | €42,719 | +€42,719 | |
| Current assets | 29/58 | €30,964 | €18,068 | -€12,896 | -41.6% |
| Amounts receivable within one year | 40/41 | €11,866 | €16,146 | +€4,279 | +36.1% |
| Other amounts receivable | 41 | €11,866 | €16,146 | +€4,279 | +36.1% |
| Cash at bank and in hand | 54/58 | €18,892 | €1,711 | -€17,181 | -90.9% |
| Deferred charges and accrued income | 490/1 | €205 | €211 | +€6 | +3.0% |
| Total equity and liabilities | 10/49 | €33,632 | €67,259 | +€33,627 | +100.0% |
| Equity | 10/15 | €22,811 | €23,866 | +€1,055 | +4.6% |
| Contributions | 10/11 | €200 | €200 | = | 0.0% |
| Reserves | 13 | €20,903 | €20,903 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,345 | €1,345 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,345 | €1,345 | = | 0.0% |
| Distributable reserves | 133 | €19,559 | €19,559 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,708 | €2,763 | +€1,055 | +61.8% |
| Amounts payable | 17/49 | €10,821 | €43,393 | +€32,572 | +301% |
| Amounts payable after more than one year | 17 | - | €24,754 | +€24,754 | |
| Financial debts | 170/4 | - | €24,754 | +€24,754 | |
| Amounts payable within one year | 42/48 | €10,821 | €18,638 | +€7,818 | +72.2% |
| Current portion of amounts payable after more than one year | 42 | - | €3,514 | +€3,514 | |
| Trade debts | 44 | €197 | €12,206 | +€12,009 | +6,087% |
| Suppliers | 440/4 | €197 | €12,206 | +€12,009 | +6,087% |
| Taxes, remuneration and social security | 45 | €10,623 | €2,918 | -€7,706 | -72.5% |
| Taxes | 450/3 | €10,623 | €2,918 | -€7,706 | -72.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,106 | €4,006 | +€2,900 | +262% |
| Other operating charges | 640/8 | €557 | €773 | +€216 | +38.8% |
| Gross operating margin | 9900 | €13,516 | €7,406 | -€6,110 | -45.2% |
| Operating profit (loss) | 9901 | €11,853 | €2,627 | -€9,226 | -77.8% |
| Financial income | 75/76B | €592 | €747 | +€154 | +26.1% |
| Recurring financial income | 75 | €592 | €747 | +€154 | +26.1% |
| Financial charges | 65/66B | €112 | €816 | +€704 | +629% |
| Recurring financial charges | 65 | €112 | €816 | +€704 | +629% |
| Profit (loss) for the period before taxes | 9903 | €12,333 | €2,557 | -€9,776 | -79.3% |
| Income taxes | 67/77 | €4,709 | €1,502 | -€3,207 | -68.1% |
| Profit (loss) for the period | 9904 | €7,624 | €1,055 | -€6,569 | -86.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,624 | €1,055 | -€6,569 | -86.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.